Prefabricated Volumetric Building Systems – 5 Key Facts
1, It is estimated that permanent volumetric building systems account for around 40-45% of total market by value at MSP.
2, The biggest market for volumetric products is temporary accommodation on construction and industrial sites and event hire which is worth around £350-380 million annually.
3, The Top 5 suppliers account for an estimated 50% of the market.
4, It is forecast that the market will grow by 14% between 2020 and 2024.
5, By 2024 the housing sector is expected to account for 12-14% of market value, up from 9-11% in 2019
A quote from the editor of the Prefabricated Volumetric Building Systems Market Report
“The outlook for the volumetric building systems market remains difficult to predict given the lack of published data in this sector and the continued uncertainty, not only the construction sector but also the wider UK economy. Steady growth in this market is expected over the next few years to 2024, underpinned by the increasing use of off-site construction methods to help meet the chronic housing shortage and cope with the lack of traditional construction skills.”